Lead Story Picture
The case is part of a larger class action against MF Global and top executives, including ex-CEO Jon Corzine. (Credit: AP)

PwC Escapes MF Global Investors' Suit In 2nd Circ.

The Second Circuit said Friday it would not resurrect a class action accusing PricewaterhouseCoopers LLP of failing to properly audit MF Global Inc. before the brokerage firm spiraled into bankruptcy in 2011.

  • Sigma Settles Price-Fixing Suit Over Pipe Fittings For $4.9M

    Sigma Corp. has agreed to pay $4.9 million to a group of direct purchasers of ductile iron pipe fittings to settle a putative class action in New Jersey federal court accusing the company and two others of fixing prices and other anti-competitive behavior, according to a memorandum filed Thursday.

  • Madoff Trustee Defends $900M Suit Against 1st Feeder Fund

    The liquidating trustee of Bernie Madoff's bogus investment firm on Thursday defended his clawback suit seeking $900 million from the two operators of Madoff's first feeder fund and their families, saying the pair were instrumental in growing the Ponzi scheme and concealing the fraud from government investigators.

  • DC Circ. Scales Back Cigarette Warnings Order

    The D.C. Circuit on Friday overturned part of a 2006 district court order requiring Philip Morris USA Inc. and two other tobacco companies to issue public statements about their past cigarette advertising, saying the lower court overstepped its authority.

  • CVS Pays $2.4M To End Calif. Consumer Overcharging Suit

    CVS Pharmacy Inc. agreed to pay $2.4 million to settle a consumer protection lawsuit over allegedly charging customers more than advertised and failing to give cash back on gift cards less than $10 apiece, the Los Angeles County district attorney said Thursday.

  • 2nd Circ. Says Actavis Can't Pull Old Namenda

    The Second Circuit upheld an injunction Friday blocking Actavis PLC from pulling an older version of Namenda from shelves before generic drugmakers can launch their own version of the Alzheimer's treatment in July, handing a major antitrust win to New York's attorney general.

  • HSBC Unit Wins New Trial In $2.5B Securities Fraud Suit

    The Seventh Circuit on Thursday granted a HSBC Holdings PLC unit a new trial in a securities suit that saddled its mortgage unit with a record $2.5 billion verdict, finding that the jury hadn’t considered how some true statements made by the company brass had affected its stock price.